Consider a column of 10000 means obtained from 10000 samples of size 49 taken from a parent population. SUMMARY STATISTICS run on the column find a mean of 500.0581 and a standard deviation of 7.034635. HINT: Recall that for a parent population with mean µ and standard deviation σ, the sampling distribution of the sample mean has mean μ and standard deviation σ/√n . What is the standard deviation of the population?

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